Comfort Systems USA, Inc. $FIX Stock Position Lowered by EULAV Asset Management

Key Points

• EULAV Asset Management reduced its Comfort Systems USA stake by 6.7% in the third quarter, selling 1,840 shares and retaining 25,764 shares worth about $42.6 million. Institutional investors and hedge funds collectively own 96.51% of the company.
• Comfort Systems USA reported strong third-quarter results, with revenue up 53.7% year over year to $3.77 billion and adjusted EPS of $13.91, both above analyst expectations. Backlog nearly doubled to $17.8 billion, driven by demand for data-center and AI infrastructure projects.
• Analyst sentiment remains favorable, with eight Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a $2,044.43 price target. However, insiders sold 26,078 shares worth approximately $43.2 million over the past 90 days.

EULAV Asset Management trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,764 shares of the construction company's stock after selling 1,840 shares during the period. Comfort Systems USA makes up about 1.5% of EULAV Asset Management's holdings, making the stock its 20th biggest position. EULAV Asset Management owned approximately 0.07% of Comfort Systems USA worth $42,616,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Radnor Capital Management LLC purchased a new position in Comfort Systems USA during the 3rd quarter worth $248,000. Citizens Financial Group Inc. RI lifted its stake in shares of Comfort Systems USA by 40.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,813 shares of the construction company's stock worth $2,999,000 after acquiring an additional 521 shares during the period. Simplicity Wealth LLC lifted its stake in shares of Comfort Systems USA by 77.9% in the 3rd quarter. Simplicity Wealth LLC now owns 539 shares of the construction company's stock worth $892,000 after acquiring an additional 236 shares during the period. One Wealth Capital Management LLC lifted its stake in shares of Comfort Systems USA by 58.2% in the 3rd quarter. One Wealth Capital Management LLC now owns 446 shares of the construction company's stock worth $738,000 after acquiring an additional 164 shares during the period. Finally, Ascent Wealth Partners LLC boosted its holdings in shares of Comfort Systems USA by 1.4% in the third quarter. Ascent Wealth Partners LLC now owns 2,807 shares of the construction company's stock valued at $4,643,000 after acquiring an additional 40 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian Lane sold 16,024 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Franklin Myers sold 4,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares of the company's stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 26,078 shares of company stock valued at $43,211,828. Corporate insiders own 1.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FIX shares. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA and gave the stock a "buy" rating in a research note on Monday, July 27th. Zacks Research downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. KeyCorp lifted their price objective on Comfort Systems USA from $2,110.00 to $2,125.00 and gave the company an "overweight" rating in a report on Thursday, October 15th. The Goldman Sachs Group set a $1,875.00 target price on Comfort Systems USA in a research report on Tuesday, October 20th. Finally, DA Davidson assumed coverage on Comfort Systems USA in a research note on Friday, August 21st. They set a "buy" rating and a $2,100.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,044.43.

Key Comfort Systems USA News

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Third-quarter revenue rose 53.7% year over year to $3.77 billion, exceeding the $3.40 billion consensus estimate. Adjusted earnings of $13.91 per share also topped expectations of approximately $12.71–$12.85 and increased from $8.25 a year earlier. Comfort Systems Q3 Earnings and Revenues Beat Estimates, Backlog Surges
• Positive Sentiment: Backlog surged approximately 90% year over year to $17.8 billion, providing substantial future revenue visibility. Demand remained particularly strong for technology-related construction projects, including data-center and AI infrastructure. Comfort Systems: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management expects modular construction capacity to reach 6 million square feet by late 2027, supporting its ability to capture continued growth in large technology and industrial projects. The board also announced a quarterly dividend increase to $1.00 per share. Comfort Systems USA Increases Quarterly Dividend

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,158.74 on Monday. The company has a market cap of $40.54 billion, a P/E ratio of 25.02 and a beta of 1.66. Comfort Systems USA, Inc. has a one year low of $841.66 and a one year high of $2,073.99. The business has a fifty day moving average of $1,604.64 and a two-hundred day moving average of $1,729.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, topping analysts' consensus estimates of $12.85 by $1.06. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.40 billion. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The business's revenue for the quarter was up 53.7% on a year-over-year basis. During the same period in the prior year, the company posted $8.25 EPS. As a group, analysts predict that Comfort Systems USA, Inc. will post 48.80 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.10 per share. This is a decrease from Comfort Systems USA's previous quarterly dividend of $0.90. This represents a $0.40 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. Comfort Systems USA's payout ratio is presently 7.77%.

Comfort Systems USA Profile

Comfort Systems USA, Inc NYSE: FIX is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.

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